Renters’ Rights Act risks locking out ‘vulnerable tenants’
Original Article Summary
There is a move towards hobby landlords leaving the sector, says head of mortgages at Paragon
PropMatch Curated Analysis
The Renters' Rights Act may paradoxically harm vulnerable tenants as landlords adopt stricter tenant selection criteria due to increased compliance requirements and reduced flexibility. Paragon's mortgage head warns this will particularly impact those with poor credit or unconventional employment.
Investor Relevance
Critical for understanding how the Renters' Rights Act will change tenant selection practices and rental market dynamics. Investors need to prepare for higher due diligence costs, potential void periods, and the broader market impact of reduced supply as hobby landlords exit.
Original Source:
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